Sales of Barbie products fell 15%, Fisher-Price decreased 13%, and Hot Wheels had a 10% slump: sales at its American Girl division were flat.
Due to aggressive tightly managed expenses, though, the El Segundo, Calif.-based company saw a sharp gain in profits. Net income for the quarter came in at $21.5 million, up from $11.8 million in the second quarter of last year.--Sarah Mahoney